Small and medium sized businesses account for a significant share of total employment in Australia. While this trend has fallen slightly over the past decade, the sector is still going strong.
If you manage or own a small or medium sized business, then you will understand the challenges SMEs often face. While the economy is slowly improving after the pandemic wreaked havoc on economies across the globe. This doesn’t mean that your SMEs cash flow isn’t still feeling the strain.
Your cash flow is one of the most important movements throughout your business, especially in the first few years. While usually your operating cash flow is the main focus in the first couple of years, there comes a point where the business needs to start looking at investing cash flow. In order for your company to be viable long term, then there needs to be more than operating cash flow.
If this seems to be an issue you are finding within your finances, then it might be time for your SME to start looking at finance options, that will help to streamline your business finances, while improving growth through investment back into your business.
Whether it be for investing in equipment, vehicles, medical devices or even solar power, these investments can leave gaps in your cash flow. This is why finding an asset finance option for your small and medium sized businesses is a great option to avoid a disruption in cash flow.
However, if you have attempted to find asset finance options before, then you will know how difficult it can be to find a lender that is willing to offer financing to small and medium sized businesses, especially those that are only a few years old. So, if you are a business that is struggling to meet the criteria for various banks, a non-bank lender might be the best option.
There are non-bank lenders on the market, who specifically provide finance solutions to small or medium sized businesses. They can help you to streamline your finances in a simple and cost-effective manner.
When searching for a non-bank lender to help you find the right asset finance solution, be sure that you are choosing a trustworthy and reliable lender that supports your SME and its business growth, such as Grow Finance.
Grow Finance takes the challenge out of securing finance for small and medium sized businesses. They are your lending partner in the journey of growing your business, managing cash flow and dealing with today’s increasingly complex and competitive operating environment. Grow Finance can provide your SME with a range of options to finance asset purchases.
With the help of growth finance, you can purchase the assets necessary to take your business to the next level. Using an easy and simple application process, you can have pre-approval from Grow Finance within hours of sending through your application.
So, what are you waiting for? Talk to the Grow Finance team today on 1300 001 420to find out what asset finance solutions they can offer your small or medium sized business.